Accountant and CPA business insurance costs average $55 monthly but ranges from $18 to $169 depending on your coverage needs and state.
Get matched with cheap accountants business insurance below.
Updated: December 29, 2025
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We found average business insurance costs for accounting and CPA companies for commonly needed coverage are as follows:
| BOP | $32 | $390 |
| General Liability | $22 | $266 |
| Professional Liability (E&O) | $146 | $1,751 |
| Workers' Comp | $20 | $245 |
Note: We based these rates on small businesses with two employees across 79 major industries, focusing on four coverage types: general liability, professional liability/errors and omissions (E&O), workers' comp and business owner's policy. Your actual rates will vary based on your specific business factors and location.
Select your industry and state to get a customized quote.
Location affects your accountant business costs for general liability insurance. Maine provides excellent value for CPA insurance at $19 monthly compared to the $22 national average, while New York reaches $26 monthly.
| Alabama | $22 | $261 |
| Alaska | $20 | $246 |
| Arizona | $21 | $252 |
| Arkansas | $21 | $255 |
| California | $25 | $296 |
| Colorado | $22 | $264 |
| Connecticut | $24 | $289 |
| Delaware | $24 | $286 |
| Florida | $24 | $288 |
| Georgia | $22 | $270 |
| Hawaii | $24 | $287 |
| Idaho | $21 | $252 |
| Illinois | $24 | $292 |
| Indiana | $22 | $259 |
| Iowa | $21 | $253 |
| Kansas | $22 | $258 |
| Kentucky | $21 | $247 |
| Louisiana | $25 | $302 |
| Maine | $19 | $230 |
| Maryland | $21 | $253 |
| Massachusetts | $23 | $279 |
| Michigan | $21 | $252 |
| Minnesota | $21 | $249 |
| Mississippi | $22 | $267 |
| Missouri | $22 | $263 |
| Montana | $22 | $265 |
| Nebraska | $21 | $251 |
| Nevada | $25 | $301 |
| New Hampshire | $22 | $264 |
| New Jersey | $25 | $301 |
| New Mexico | $22 | $267 |
| New York | $26 | $309 |
| North Carolina | $19 | $230 |
| North Dakota | $19 | $231 |
| Ohio | $21 | $246 |
| Oklahoma | $21 | $254 |
| Oregon | $21 | $247 |
| Pennsylvania | $26 | $306 |
| Rhode Island | $24 | $292 |
| South Carolina | $23 | $274 |
| South Dakota | $21 | $248 |
| Tennessee | $22 | $259 |
| Texas | $22 | $268 |
| Utah | $21 | $253 |
| Vermont | $21 | $255 |
| Virginia | $20 | $242 |
| Washington | $25 | $302 |
| West Virginia | $23 | $279 |
| Wisconsin | $22 | $261 |
| Wyoming | $20 | $246 |
Note:Â We based these general liability rates on the accountants' businesses with two employees across different states. Your rates will vary based on your location and claims history.
The cost of workers' compensation insurance for your accounting business varies by state. Maine offers affordable rates at $18 monthly, while New York reaches $24 monthly. Our analysis shows that state regulations and claim histories affect these pricing differences.
| Alabama | $20 | $241 |
| Alaska | $19 | $225 |
| Arizona | $19 | $233 |
| Arkansas | $20 | $236 |
| California | $23 | $271 |
| Colorado | $20 | $241 |
| Connecticut | $22 | $267 |
| Delaware | $22 | $264 |
| Florida | $22 | $267 |
| Georgia | $21 | $248 |
| Hawaii | $21 | $257 |
| Idaho | $19 | $232 |
| Illinois | $22 | $268 |
| Indiana | $20 | $238 |
| Iowa | $19 | $232 |
| Kansas | $20 | $236 |
| Kentucky | $19 | $230 |
| Louisiana | $23 | $277 |
| Maine | $18 | $212 |
| Maryland | $19 | $232 |
| Massachusetts | $21 | $256 |
| Michigan | $19 | $231 |
| Minnesota | $19 | $231 |
| Mississippi | $21 | $246 |
| Missouri | $20 | $241 |
| Montana | $20 | $245 |
| Nebraska | $20 | $234 |
| Nevada | $23 | $280 |
| New Hampshire | $20 | $244 |
| New Jersey | $23 | $276 |
| New Mexico | $20 | $244 |
| New York | $24 | $283 |
| North Carolina | $18 | $214 |
| Oklahoma | $19 | $228 |
| Oregon | $19 | $227 |
| Pennsylvania | $23 | $281 |
| Rhode Island | $23 | $272 |
| South Carolina | $21 | $253 |
| South Dakota | $19 | $228 |
| Tennessee | $20 | $236 |
| Texas | $21 | $247 |
| Utah | $19 | $232 |
| Vermont | $20 | $235 |
| Virginia | $18 | $222 |
| West Virginia | $21 | $256 |
| Wisconsin | $20 | $241 |
Note: We based these workers' comp rates on accountants businesses with two employees across different states. Your workers' comp requirements and costs will vary by state since each has different regulations.
Your professional liability cost will vary by state and CPA businesses pay an average of $146 monthly nationwide for this coverage, making it the most expensive policy type we studied for the industry. North Dakota offers the most affordable rates at $125 monthly, while Washington has the highest costs at $169 monthly.
| Alabama | $148 | $1,780 |
| Alaska | $133 | $1,597 |
| Arizona | $137 | $1,648 |
| Arkansas | $141 | $1,687 |
| California | $159 | $1,911 |
| Colorado | $144 | $1,729 |
| Connecticut | $156 | $1,877 |
| Delaware | $155 | $1,863 |
| Florida | $160 | $1,923 |
| Georgia | $149 | $1,793 |
| Hawaii | $151 | $1,813 |
| Idaho | $140 | $1,682 |
| Illinois | $164 | $1,967 |
| Indiana | $142 | $1,699 |
| Iowa | $138 | $1,655 |
| Kansas | $142 | $1,708 |
| Kentucky | $139 | $1,665 |
| Louisiana | $163 | $1,959 |
| Maine | $126 | $1,512 |
| Maryland | $141 | $1,688 |
| Massachusetts | $152 | $1,821 |
| Michigan | $138 | $1,661 |
| Minnesota | $137 | $1,639 |
| Mississippi | $147 | $1,762 |
| Missouri | $145 | $1,737 |
| Montana | $144 | $1,731 |
| Nebraska | $141 | $1,692 |
| Nevada | $164 | $1,968 |
| New Hampshire | $147 | $1,762 |
| New Jersey | $165 | $1,975 |
| New Mexico | $146 | $1,750 |
| New York | $168 | $2,018 |
| North Carolina | $125 | $1,504 |
| North Dakota | $125 | $1,499 |
| Ohio | $132 | $1,589 |
| Oklahoma | $140 | $1,676 |
| Oregon | $135 | $1,619 |
| Pennsylvania | $168 | $2,014 |
| Rhode Island | $158 | $1,900 |
| South Carolina | $151 | $1,815 |
| South Dakota | $139 | $1,671 |
| Tennessee | $140 | $1,683 |
| Texas | $148 | $1,774 |
| Utah | $141 | $1,691 |
| Vermont | $141 | $1,696 |
| Virginia | $131 | $1,576 |
| Washington | $169 | $2,025 |
| West Virginia | $152 | $1,821 |
| Wisconsin | $143 | $1,714 |
| Wyoming | $133 | $1,600 |
Note: We based these professional liability rates on accountants businesses with two employees across different states. Your actual rates will depend on your services offered and location.
Accountant business insurance costs vary based on your state, with business owner's policy (BOP) coverage showing the biggest price differences. BOP insurance cost ranges from $27 in Maine to $38 in Pennsylvania for the same coverage.
| Alabama | $31 | $377 |
| Alaska | $29 | $351 |
| Arizona | $31 | $367 |
| Arkansas | $31 | $376 |
| California | $36 | $431 |
| Colorado | $32 | $383 |
| Connecticut | $36 | $426 |
| Delaware | $35 | $415 |
| Florida | $36 | $426 |
| Georgia | $33 | $399 |
| Hawaii | $35 | $425 |
| Idaho | $31 | $374 |
| Illinois | $36 | $431 |
| Indiana | $32 | $385 |
| Iowa | $31 | $369 |
| Kansas | $31 | $376 |
| Kentucky | $30 | $358 |
| Louisiana | $38 | $450 |
| Maine | $27 | $329 |
| Maryland | $31 | $372 |
| Massachusetts | $34 | $405 |
| Michigan | $30 | $366 |
| Minnesota | $30 | $364 |
| Mississippi | $32 | $389 |
| Missouri | $32 | $387 |
| Montana | $33 | $394 |
| Nebraska | $30 | $365 |
| Nevada | $37 | $446 |
| New Hampshire | $32 | $388 |
| New Jersey | $36 | $437 |
| New Mexico | $33 | $397 |
| New York | $37 | $448 |
| North Carolina | $28 | $336 |
| North Dakota | $29 | $343 |
| Ohio | $30 | $360 |
| Oklahoma | $31 | $367 |
| Oregon | $31 | $368 |
| Pennsylvania | $38 | $451 |
| Rhode Island | $36 | $430 |
| South Carolina | $34 | $404 |
| South Dakota | $30 | $360 |
| Tennessee | $31 | $377 |
| Texas | $33 | $394 |
| Utah | $31 | $369 |
| Vermont | $31 | $374 |
| Virginia | $30 | $360 |
| Washington | $37 | $445 |
| West Virginia | $34 | $403 |
| Wisconsin | $31 | $376 |
| Wyoming | $30 | $363 |
Note: We based these BOP rates on accountants businesses with two employees across different states. Your actual rates will vary based on your business size, location, and coverage needs.
Business insurance costs for accounting firms vary by provider, ranging from $48 to $66 monthly. These price differences reflect each insurer's market focus and strategic priorities, which shift based on profitability and expansion opportunities within specific industries.
| Chubb | $66 | $790 |
| Coverdash | $62 | $749 |
| Hiscox | $57 | $682 |
| NEXT Insurance | $50 | $602 |
| Nationwide | $58 | $698 |
| Progressive Commercial | $54 | $649 |
| Simply Business | $51 | $610 |
| The Hartford | $48 | $577 |
| Thimble | $56 | $670 |
| biBERK | $58 | $694 |
Several factors influence your accounting an CPA business insurance costs when insurers calculate your policy premium:
State boards and professional liability environments vary considerably across regions. Accountants practicing in jurisdictions with frequent malpractice litigation or complex state tax codes encounter steeper errors and omissions premiums.
Tax errors, missed deadlines and audit failures can trigger costly professional liability claims. Prior incidents involving client penalties, IRS disputes or financial statement errors will shadow your insurance costs for five years or longer.
Professional service firms carry minimal workers' comp exposure compared to physical trades. However, larger practices with multiple CPAs, bookkeepers and support staff multiply potential error touchpoints that increase overall malpractice risk.
Tax returns and monthly bookkeeping form the core of most accounting practices. Adding attest services like audits and reviews, financial planning or SEC work introduces regulatory oversight that demands substantially higher coverage limits.
Client volume and fee income reflect your total claim exposure. Solo CPAs serving individuals and small businesses for $150,000 annually operate quite differently than mid-size firms auditing public companies and billing $900,000.
Professional liability protects against errors, omissions and missed deadlines that cost clients money. Many accountants carry $1 million in coverage, though firms conducting audits or serving high-net-worth clients often purchase $2 million to $5 million for adequate protection.
CPA licenses and continuing education requirements demonstrate professional competency. Recently licensed accountants without established practice history pay higher rates, while experienced CPAs with clean disciplinary records often secure preferred pricing.
Reducing your accountants business insurance cost requires strategic shopping and our guide to smart business practices. Here's how you can find the best cheap business insurance for your accountants business and build a better risk profile over time.
Accounting firms need professional liability (E&O) for errors in tax returns, audits and financial advice causing client losses, cyber liability for data breaches of sensitive financial information and general liability for office injuries.
Add employment practices liability if you have staff accountants, commercial property for office equipment, business interruption for income protection during tax season disruptions, and crime coverage for employee theft or fraud.
Accounting insurance rates vary based on the services offered; CPA firms providing audit and assurance services pay more than bookkeepers or tax preparers. Accounting-focused insurers understand state board requirements, client trust account regulations and professional standards.
Combining professional liability, cyber coverage and general liability saves 16-24% compared to purchasing separately. Many insurers offer accounting packages that include employment practices liability and crime coverage at reduced bundle rates.
Higher E&O deductibles of $5,000 to $25,000 can reduce premiums by 22-35%, but consider your largest client engagements and potential claim amounts. Keep cyber liability deductibles moderate since breach notification and forensic costs accumulate quickly even before litigation.
Monthly installment plans add 5% to 11% in processing fees, which, on a $7,500 accounting policy, costs $375 to $825 extra annually. Paying annually eliminates these charges and earns 6% to 9% discounts from accounting carriers.
Review your policy whenever you hire accountants, add audit or consulting services, or take on larger clients requiring higher coverage limits. If you've implemented quality control reviews, obtained advanced certifications, or enhanced cybersecurity with encrypted client portals, these improvements can qualify for premium discounts.
Business insurance costs for CPAs and accountants range from $212 to $2,015 annually, with your location, claims history and business size driving your actual premium. Getting quotes from multiple insurers, bundling your policies, choosing higher deductibles and paying annually instead of monthly helps you find more affordable rates.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
